Kaizen Financial Strategies

Name: Kaizen Financial Strategies 13F holdings, Q1 2025
Creator: Kaizen Financial Strategies
Published: 2025-04-09

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Kaizen Financial Strategies reported 136 stock positions worth $172.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.4% of the portfolio, followed by Apple (AAPL, 7.9%) and Schwab US Large-Cap Growth (SCHG, 7.7%). Compared with Q4 2024, it opened 17 new positions, sold out of 12, added to 62 and reduced 44. The biggest buy was Cap Group Dividend Value (CGDV, shares +121%) and the biggest sale Vanguard Dividend Apprec ETF (VIG, shares −48%).

Most Recent 13F: Q2 2026
Location: CAMPBELL, CA
CIK: 0001842013
Portfolio Value: $172.4M (Q1 2025)
SEC Filing: 0001085146-25-001936 ↗ filed Apr 9, 2025

Holdings Value

Holdings 136 stocks · $172.4M


SPY SS SPDR S&P 500 ETF Trust-US	9.36%	28,840	$16.1M	Add +6.3%
AAPL Apple Inc.	7.93%	61,514	$13.7M	Reduce -3.1%
SCHG Schwab US Large-Cap Growth	7.67%	527,942	$13.2M	Add +4.3%
VCRB Vanguard Core Bond ETF	5.36%	119,448	$9.2M	Add +20.5%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE	4.85%	234,686	$8.4M	Add +121.4%
SCHI Schwab 5-10 Year Corporate B	3.97%	304,371	$6.8M	Add +9.6%
NVDA Nvidia Corp.	3.75%	59,613	$6.5M	Add +3.0%
SCHQ Schwab Long-Term US Treasury	2.41%	126,810	$4.2M	Add +2.7%
BX Blackstone Inc.	2.36%	29,056	$4.1M	Add +1.0%
GOOG Alphabet Inc. Class C	2.14%	23,593	$3.7M	Add +12.7%
JIRE JPMorgan Int Res Enh Eqty	1.95%	52,848	$3.4M	New
AMZN Amazon.com Inc.	1.95%	17,683	$3.4M	Add +0.5%
VIG Vanguard Dividend Apprec ETF	1.95%	17,318	$3.4M	Reduce -48.2%
TSLA Tesla Inc.	1.77%	11,744	$3.0M	Reduce -9.1%
MSFT Microsoft Corp.	1.67%	7,674	$2.9M	Add +2.5%
FNDB Schwab Fndmntl US BRD Mr ETF	1.58%	118,327	$2.7M	Reduce -0.3%
SMH Vaneck Semiconductor ETF	1.42%	11,591	$2.5M	Add +2.1%
QQQ Invesco QQQ Trust Series 1	1.25%	4,600	$2.2M	Reduce -5.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	1.23%	5,039	$2.1M	Add +11.6%
GOOGL Alphabet Inc. Class A	1.09%	12,144	$1.9M	Add +2.2%
CRM Salesforce Inc.	1.00%	6,396	$1.7M	Add +1.1%
XYLD Global X S&P 500 Cove Call E	0.97%	42,207	$1.7M	Add +42.9%
SCHR Schwab Intermediate-Term US	0.96%	66,869	$1.7M	Reduce -3.5%
FNDA Schwab Fndmntl US SM Co. ETF	0.88%	55,113	$1.5M	Reduce -3.0%
XLK SS Technology Select Sector	0.87%	7,295	$1.5M	Add +28.1%
QYLD Global X Nasd 100 Cov Call	0.87%	89,714	$1.5M	Add +46.3%
FNDE Schwab Fndmntl Em MRK Eq ETF	0.81%	45,433	$1.4M	Reduce -0.3%
USO United States Oil Fund LP	0.75%	16,672	$1.3M	Reduce -16.9%
VOO Vanguard S&P 500 ETF	0.72%	2,407	$1.2M	Add +0.5%
COST Costco Wholesale Corp.	0.61%	1,119	$1.1M	Add +22.7%
META Meta Platforms Inc. Class A	0.56%	1,690	$974K	Add +9.9%
V Visa Inc. Class A	0.55%	2,697	$945K	Add +0.5%
ABBV Abbvie Inc.	0.51%	4,200	$880K	Add +5.0%
VTI VG Morningstar TS MKT ETF-US	0.49%	3,049	$838K	No change
XLRE SS Real Estate Select Sector	0.47%	19,508	$816K	Add +6.7%
FNDF Schwab Fndmn Intl LRG Co. ETF	0.47%	22,258	$804K	Reduce -81.2%
BLOK Amplify Blockchain Tech ETF	0.43%	20,130	$742K	No change
XLF SS Financial Select Sector	0.42%	14,546	$725K	Add +33.9%
ADBE Adobe Inc.	0.41%	1,829	$701K	Add +2.9%
VWO Vanguard Ftse Emerging Marke	0.41%	15,474	$700K	Add +6.0%
AMD Advanced Micro Devices	0.39%	6,620	$680K	Add +0.3%
OKE Oneok Inc.	0.39%	6,790	$674K	Add +1.0%
LLY Eli Lilly & Co.	0.39%	813	$671K	Add +16.3%
IUSG iShares Core S&P U.S. Growth	0.38%	5,180	$658K	Reduce -6.9%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.38%	5,975	$649K	Reduce -21.6%
VGSH Vanguard Short-Term Treasury	0.38%	11,041	$648K	New
PDI PIMCO Dynamic Income Fund	0.37%	32,347	$640K	Add +0.3%
ARIS WATER SOLUTIONS INC-A	0.37%	19,850	$636K	Reduce -11.3%
AGX Argan Inc.	0.36%	4,770	$626K	No change
TEI Templeton Emrg MKTS Inc.	0.36%	115,179	$620K	Add +72.8%
XTL SS SPDR S&P Telecom ETF	0.36%	6,150	$615K	Add +13.7%
XLC SS Comm Select Sector SPDR	0.35%	6,266	$604K	Reduce -1.5%
STAG Stag Industrial Inc.	0.35%	16,490	$596K	Reduce -1.2%
PLTR Palantir Technologies Inc. Class A	0.34%	6,932	$585K	Reduce -5.7%
IWM iShares Russell 2000 ETF	0.33%	2,851	$569K	Add +72.9%
RSPT Invesco S&P 500 Equal Weight	0.33%	16,600	$568K	No change
CIBR First Trust Nasdaq Cybersecu	0.31%	8,545	$538K	No change
HESM Hess Midstream LP Class A	0.31%	12,591	$532K	Add +1.4%
XITK SS SPDR F Inno Tech ETF	0.31%	3,314	$530K	New
USLM United States Lime & Mineral	0.30%	5,891	$521K	Add +7.9%
JPM JPMorgan Chase & Co.	0.29%	2,061	$506K	Add +0.3%
GE General Electric filed as GE AEROSPACE	0.29%	2,516	$504K	Add +0.4%
KTOS Kratos Defense & Security	0.29%	16,900	$502K	Reduce -4.5%
NFLX Netflix Inc.	0.29%	534	$498K	Add +5.5%
KIE SS SPDR S&P Insurance ETF	0.29%	8,200	$496K	Reduce -28.9%
AMGN Amgen Inc.	0.28%	1,565	$487K	Add +0.8%
AMAT Applied Materials Inc.	0.28%	3,353	$487K	Reduce -2.8%
CAT Caterpillar Inc.	0.27%	1,436	$474K	Reduce -6.2%
PGR Progressive Corp.	0.27%	1,654	$468K	Add +0.2%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.27%	1,829	$461K	Reduce -6.9%
QCOM Qualcomm Inc.	0.26%	2,949	$453K	Reduce -3.8%
SCHK Schwab 1000 Index ETF	0.26%	16,562	$446K	Reduce -26.0%
XSW SS SPDR S&P Soft & Serv ETF	0.26%	2,760	$441K	New
VB Vanguard Most SM-Cap ETF-Usd	0.25%	1,960	$435K	Reduce -0.1%
IVV iShares Core S&P 500 ETF	0.25%	773	$434K	No change
XSD SS SPDR S&P Semiconductor	0.24%	2,075	$417K	Add +84.4%
ETR Entergy Corp.	0.24%	4,867	$416K	Reduce -0.7%
IMCG iShares Morningstar Mid-Cap	0.24%	5,804	$415K	Reduce -4.8%
SCHA Schwab US Small-Cap ETF	0.24%	17,604	$412K	Add +26.1%
CVX Chevron Corp.	0.24%	2,465	$412K	Add +7.8%
ACHR Archer Aviation Inc. Class A	0.24%	57,151	$406K	Add +74.0%
FIW First Trust Water ETF	0.23%	3,916	$394K	Reduce -4.8%
FISV Fiserv Inc.	0.22%	1,735	$383K	Reduce -12.2%
KGC Kinross Gold Corp.	0.22%	30,100	$380K	Reduce -5.9%
HACK Amplify Cybersecurity ETF	0.22%	5,235	$376K	Reduce -8.7%
VCTR Victory Capital Holding - A	0.22%	6,460	$374K	No change
GRMN Garmin Ltd.	0.21%	1,692	$367K	New
LRCX Lam Research Corp.	0.21%	4,963	$361K	Reduce -1.4%
PANW Palo Alto Networks Inc.	0.21%	2,100	$358K	Reduce -4.5%
SPG Simon Property Group Inc.	0.21%	2,148	$357K	Add +1.3%
LEN Lennar Corp. Class A	0.20%	3,031	$348K	Add +6.2%
GLD SPDR Gold Shares	0.20%	1,177	$339K	Reduce -23.3%
BRK.B Berkshire Hathaway Inc. Class B	0.19%	624	$332K	Reduce -11.7%
WSM Williams-Sonoma Inc.	0.19%	2,080	$329K	New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.18%	911	$314K	Add +0.4%
GLDM SPDR Gold Minishares Trust	0.18%	5,073	$314K	New
MS Morgan Stanley	0.18%	2,617	$305K	Add +3.4%
AXON Axon Enterprise Inc.	0.18%	578	$304K	Add +0.2%
LULU Lululemon Athletica Inc.	0.18%	1,069	$303K	Add +72.1%
TMO Thermo Fisher Scientific Inc.	0.18%	607	$302K	Add +0.7%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.17%	3,780	$298K	Add +13.9%
SCHM Schwab US Mid Cap ETF	0.17%	11,342	$297K	Add +0.3%
OKLO Oklo Inc.	0.17%	13,520	$292K	Add +26.7%
MMM 3M Co.	0.17%	1,974	$290K	Reduce -1.3%
IWO iShares Russell 2000 Growth	0.17%	1,125	$287K	Reduce -4.3%
ORCL Oracle Corp.	0.17%	2,038	$285K	No change
XLI SS Industrial Select Sector	0.16%	2,128	$279K	Reduce -40.6%
UNH Unitedhealth Group Inc.	0.16%	525	$275K	Add +30.3%
SLM SLM Corp.	0.16%	9,177	$270K	Add +7.5%
FNF Fidelity National Financial	0.16%	4,136	$269K	Add +4.8%
ARM Arm Holdings PLC-ADR	0.15%	2,500	$267K	Reduce -3.9%
HON Honeywell International Inc.	0.15%	1,257	$266K	Add +0.8%
OWL Blue Owl Capital Inc.	0.14%	12,425	$249K	New
ALSN Allison Transmission Holding	0.14%	2,600	$249K	No change
GILD Gilead Sciences Inc.	0.14%	2,220	$249K	Reduce -7.8%
XAWFX Alliancebernstein GL Hi Inc.	0.14%	22,926	$246K	Add +65.6%
ACWX iShares MSCI Acwi Ex US ETF	0.14%	4,420	$245K	New
SPLV Invesco S&P 500 Low Volatili	0.14%	3,185	$238K	New
LDOS Leidos Holdings Inc.	0.14%	1,740	$235K	No change
EWP iShares MSCI Spain ETF	0.13%	6,100	$232K	New
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.13%	5,314	$222K	Reduce -3.4%
NOW ServiceNow Inc.	0.13%	277	$221K	Add +36.5%
ET Energy Transfer LP	0.13%	11,612	$216K	Reduce -2.1%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd	0.13%	2,475	$216K	No change
FRT Federal Realty Invs Trust	0.12%	2,195	$215K	Add +1.1%
ABT Abbott Laboratories	0.12%	1,599	$212K	New
XLY SS Consumer Disc Select Sect	0.12%	1,069	$211K	Reduce -4.3%
NVO Novo-Nordisk A/S-Spons ADR	0.12%	2,982	$207K	New
SCHZ Schwab US Aggregate Bond ETF	0.12%	8,860	$205K	Reduce -84.8%
SMR Nuscale Power Corp.	0.12%	14,441	$204K	New
EWC iShares MSCI Canada ETF	0.12%	5,000	$204K	New
ANGL Vaneck Fallen Angel High YLD	0.12%	6,950	$201K	New
CUBE Cubesmart	0.12%	4,691	$200K	Reduce -1.9%
DEA Easterly Govt Pptys Inc.	0.06%	10,505	$111K	New
JOBY Joby Aviation Inc.	0.06%	16,804	$101K	No change
EOSE Eos Energy Enterprises Inc.	0.02%	10,700	$40K	No change

Options reported separately and not counted above: TQQQ calls ($6K).

Other holdings (2): bonds, preferreds, convertibles and warrants · $937K (not counted above)

Security	Class	Shares / Principal	Value	Change
NEXTERA ENERGY INC (NEE 6.926 09/01/25)	UNIT 09/01/2025	14,353	$583K	Add +28.8%
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	286	$354K	Reduce -6.2%

Total filed on the 13F, all lines: $173.3M.

Portfolio Sells Q4 2024 → Q1 2025


VIG Vanguard Dividend Apprec ETF	Reduce -48.2%	1.95%	−1.78
FNDF Schwab Fndmn Intl LRG Co. ETF	Reduce -81.2%	0.47%	−1.76
TSLA Tesla Inc.	Reduce -9.1%	1.77%	−1.20
AAPL Apple Inc.	Reduce -3.1%	7.93%	−1.12
SCHZ Schwab US Aggregate Bond ETF	Reduce -84.8%	0.12%	−0.63
KLAC KLA Corp.	Sold out	0.00%	−0.37
TLT iShares 20+ Year Treasury BD	Sold out	0.00%	−0.19
QQQ Invesco QQQ Trust Series 1	Reduce -5.2%	1.25%	−0.16
SPYV SS SPDR P S&P 500 Value ETF	Sold out	0.00%	−0.15
AI C3.AI Inc. Class A	Sold out	0.00%	−0.14
PRTH Priority Technology Holdings	Sold out	0.00%	−0.13
PYPL PayPal Holdings Inc.	Sold out	0.00%	−0.13
KCE SS SPDR S&P Cap MKTS ETF	Sold out	0.00%	−0.13
MAIN Main Street Capital Corp.	Sold out	0.00%	−0.12
ZTS Zoetis Inc.	Sold out	0.00%	−0.12
ISRG Intuitive Surgical Inc.	Sold out	0.00%	−0.12
USO United States Oil Fund LP	Reduce -16.9%	0.75%	−0.11
XLI SS Industrial Select Sector	Reduce -40.6%	0.16%	−0.11
SCHK Schwab 1000 Index ETF	Reduce -26.0%	0.26%	−0.10
LQD Ishr Ibx Usd Invgd CB ETF-Ui	Reduce -21.6%	0.38%	−0.09
FNDA Schwab Fndmntl US SM Co. ETF	Reduce -3.0%	0.88%	−0.08
KIE SS SPDR S&P Insurance ETF	Reduce -28.9%	0.29%	−0.08
CLF Cleveland-Cliffs Inc.	Sold out	0.00%	−0.08
LAND Gladstone Land Corp.	Sold out	0.00%	−0.07
IUSG iShares Core S&P U.S. Growth	Reduce -6.9%	0.38%	−0.06
VBK Van Morst SML-Cap Gro-Usd Inc.	Reduce -6.9%	0.27%	−0.05
CAT Caterpillar Inc.	Reduce -6.2%	0.27%	−0.04
AMAT Applied Materials Inc.	Reduce -2.8%	0.28%	−0.04
ARM Arm Holdings PLC-ADR	Reduce -3.9%	0.15%	−0.03
IWO iShares Russell 2000 Growth	Reduce -4.3%	0.17%	−0.03
HACK Amplify Cybersecurity ETF	Reduce -8.7%	0.22%	−0.03
IMCG iShares Morningstar Mid-Cap	Reduce -4.8%	0.24%	−0.02
XLY SS Consumer Disc Select Sect	Reduce -4.3%	0.12%	−0.02
PANW Palo Alto Networks Inc.	Reduce -4.5%	0.21%	−0.02
VB Vanguard Most SM-Cap ETF-Usd	Reduce -0.1%	0.25%	−0.02
GLD SPDR Gold Shares	Reduce -23.3%	0.20%	−0.01
FIW First Trust Water ETF	Reduce -4.8%	0.23%	−0.01
FISV Fiserv Inc.	Reduce -12.2%	0.22%	−0.01
ET Energy Transfer LP	Reduce -2.1%	0.13%	−0.01
QCOM Qualcomm Inc.	Reduce -3.8%	0.26%	−0.01
CUBE Cubesmart	Reduce -1.9%	0.12%	−0.00
XLC SS Comm Select Sector SPDR	Reduce -1.5%	0.35%	+0.00
LRCX Lam Research Corp.	Reduce -1.4%	0.21%	+0.00
SCHR Schwab Intermediate-Term US	Reduce -3.5%	0.96%	+0.01
SLB SLB Ltd.	Reduce -3.4%	0.13%	+0.01
FNDB Schwab Fndmntl US BRD Mr ETF	Reduce -0.3%	1.58%	+0.01
BRK.B Berkshire Hathaway Inc. Class B	Reduce -11.7%	0.19%	+0.01
GILD Gilead Sciences Inc.	Reduce -7.8%	0.14%	+0.02
MMM 3M Co.	Reduce -1.3%	0.17%	+0.02
PLTR Palantir Technologies Inc. Class A	Reduce -5.7%	0.34%	+0.02

Portfolio Buys Q4 2024 → Q1 2025


CGDV Cap Group Dividend Value	Add +121.4%	4.85%	+2.73
JIRE JPMorgan Int Res Enh Eqty	New	1.95%	+1.95
VCRB Vanguard Core Bond ETF	Add +20.5%	5.36%	+1.09
SCHI Schwab 5-10 Year Corporate B	Add +9.6%	3.97%	+0.48
VGSH Vanguard Short-Term Treasury	New	0.38%	+0.38
SPY SS SPDR S&P 500 ETF Trust-US	Add +6.3%	9.36%	+0.31
XITK SS SPDR F Inno Tech ETF	New	0.31%	+0.31
XYLD Global X S&P 500 Cove Call E	Add +42.9%	0.97%	+0.26
XSW SS SPDR S&P Soft & Serv ETF	New	0.26%	+0.26
QYLD Global X Nasd 100 Cov Call	Add +46.3%	0.87%	+0.23
GRMN Garmin Ltd.	New	0.21%	+0.21
SCHQ Schwab Long-Term US Treasury	Add +2.7%	2.41%	+0.20
WSM Williams-Sonoma Inc.	New	0.19%	+0.19
GLDM SPDR Gold Minishares Trust	New	0.18%	+0.18
TEI Templeton Emrg MKTS Inc.	Add +72.8%	0.36%	+0.16
OWL Blue Owl Capital Inc.	New	0.14%	+0.14
ACWX iShares MSCI Acwi Ex US ETF	New	0.14%	+0.14
COST Costco Wholesale Corp.	Add +22.7%	0.61%	+0.14
SPLV Invesco S&P 500 Low Volatili	New	0.14%	+0.14
EWP iShares MSCI Spain ETF	New	0.13%	+0.13
DIA SS SPDR Dow Jones Indus Avg	Add +11.6%	1.23%	+0.13
ABT Abbott Laboratories	New	0.12%	+0.12
IWM iShares Russell 2000 ETF	Add +72.9%	0.33%	+0.12
XLF SS Financial Select Sector	Add +33.9%	0.42%	+0.12
XLK SS Technology Select Sector	Add +28.1%	0.87%	+0.12
NVO Novo-Nordisk A/S-Spons ADR	New	0.12%	+0.12
SMR Nuscale Power Corp.	New	0.12%	+0.12
EWC iShares MSCI Canada ETF	New	0.12%	+0.12
ANGL Vaneck Fallen Angel High YLD	New	0.12%	+0.12
ABBV Abbvie Inc.	Add +5.0%	0.51%	+0.11
XSD SS SPDR S&P Semiconductor	Add +84.4%	0.24%	+0.08
LLY Eli Lilly & Co.	Add +16.3%	0.39%	+0.08
V Visa Inc. Class A	Add +0.5%	0.55%	+0.07
DEA Easterly Govt Pptys Inc.	New	0.06%	+0.06
XAWFX Alliancebernstein GL Hi Inc.	Add +65.6%	0.14%	+0.06
GE General Electric	Add +0.4%	0.29%	+0.05
ACHR Archer Aviation Inc. Class A	Add +74.0%	0.24%	+0.05
META Meta Platforms Inc. Class A	Add +9.9%	0.56%	+0.05
AMGN Amgen Inc.	Add +0.8%	0.28%	+0.05
CVX Chevron Corp.	Add +7.8%	0.24%	+0.05
XLRE SS Real Estate Select Sector	Add +6.7%	0.47%	+0.05
HESM Hess Midstream LP Class A	Add +1.4%	0.31%	+0.05
PGR Progressive Corp.	Add +0.2%	0.27%	+0.05
UNH Unitedhealth Group Inc.	Add +30.3%	0.16%	+0.04
OKLO Oklo Inc.	Add +26.7%	0.17%	+0.04
VWO Vanguard Ftse Emerging Marke	Add +6.0%	0.41%	+0.04
LULU Lululemon Athletica Inc.	Add +72.1%	0.18%	+0.04
AJG Arthur J Gallagher & Co.	Add +0.4%	0.18%	+0.04
PDI PIMCO Dynamic Income Fund	Add +0.3%	0.37%	+0.03
SCHA Schwab US Small-Cap ETF	Add +26.1%	0.24%	+0.03

Options Activity Q4 2024 → Q1 2025


TQQQ Proshares Ultrapro QQQ	call	New	14,400	$6K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025


NEXTERA ENERGY INC (NEE 6.926 09/01/25)	UNIT 09/01/2025	Add +28.8%	14,353	$583K
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Reduce -6.2%	286	$354K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	169	$252.8M	SCHG, AAPL, SPY, CGDV, NVDA
Q1 2026	169	$235.8M	SPY, SCHG, AAPL, CGDV, NVDA
Q4 2025	162	$226.2M	SPY, SCHG, AAPL, CGDV, NVDA
Q3 2025	150	$220.8M	SPY, SCHG, AAPL, CGDV, NVDA
Q2 2025	147	$196.0M	SPY, SCHG, AAPL, CGDV, VCRB
Q1 2025	136	$172.4M	SPY, AAPL, SCHG, VCRB, CGDV
Q4 2024	131	$175.8M	SPY, AAPL, SCHG, NVDA, VCRB
Q3 2024	133	$171.6M	AAPL, SPY, SCHG, VIG, VCRB
Q2 2024	131	$160.0M	AAPL, SPY, SCHG, VIG, VCRB
Q1 2024	122	$146.9M	SPY, SCHG, AAPL, VIG, SCHZ